Alico (NASDAQ:ALCO) Stock Price Passes Above Two Hundred Day Moving Average of $27.41

Alico, Inc. (NASDAQ:ALCO - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.41 and traded as high as $29.46. Alico shares last traded at $29.35, with a volume of 16,272 shares.

Alico Stock Performance

The company has a market cap of $223.11 million, a P/E ratio of 4.65 and a beta of 0.85. The business's 50 day simple moving average is $28.51 and its 200 day simple moving average is $27.42. The company has a current ratio of 2.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.28.

Alico (NASDAQ:ALCO - Get Free Report) last released its earnings results on Wednesday, February 7th. The company reported ($2.35) EPS for the quarter, missing analysts' consensus estimates of ($0.29) by ($2.06). The firm had revenue of $13.99 million for the quarter, compared to the consensus estimate of $11.50 million. Alico had a negative return on equity of 14.09% and a net margin of 110.84%. Sell-side analysts predict that Alico, Inc. will post -3.41 earnings per share for the current fiscal year.

Alico Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Wednesday, March 27th. Alico's payout ratio is currently 3.17%.

Institutional Investors Weigh In On Alico

Institutional investors and hedge funds have recently modified their holdings of the stock. Towerview LLC raised its position in shares of Alico by 11.0% during the third quarter. Towerview LLC now owns 199,322 shares of the company's stock valued at $4,975,000 after buying an additional 19,822 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Alico by 0.9% during the third quarter. Bank of New York Mellon Corp now owns 71,140 shares of the company's stock valued at $1,776,000 after buying an additional 604 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its position in shares of Alico by 4.3% during the third quarter. Pacific Ridge Capital Partners LLC now owns 215,500 shares of the company's stock valued at $5,379,000 after buying an additional 8,971 shares during the last quarter. LDR Capital Management LLC raised its position in shares of Alico by 21.7% during the third quarter. LDR Capital Management LLC now owns 15,662 shares of the company's stock valued at $391,000 after buying an additional 2,792 shares during the last quarter. Finally, Redmont Wealth Advisors LLC raised its position in shares of Alico by 9.4% during the third quarter. Redmont Wealth Advisors LLC now owns 22,753 shares of the company's stock valued at $568,000 after buying an additional 1,962 shares during the last quarter. Institutional investors own 62.28% of the company's stock.

About Alico

Alico, Inc, together with its subsidiaries, operates as an agribusiness and land management company in the United States. The company operates in two segments, Alico Citrus, and Land Management and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing, and hauling of citrus.